In August 2016, the Chicken Little Portfolio lost 0.65% while the Dow Jones Industrial Average gained 0.25%.
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|Markets have been eerily calm; the storm looms|
August 2016 performance
|Aug 2016||2016 YTD||Since Inception (3/31/2016)|
|Dow Jones Industrials||0.25%||7.42%||7.13%|
Chicken Little Lost 0.65% in August because of a modest decline in the price of long-term US Treasury bonds. August was a sleeper of a month with small moves in all asset markets. Gold lost over 3% in the month, but has gained over 20% so far in 2016.
|Asset||Symbol||Aug 2016||YTD 2016|
|Dow Jones Industrials||DIA||0.25%||7.42%|
|Emerging Market Stocks||EEM||0.83%||14.31%|
|US Long-Term Treasury Bonds||TLT||-1.02%||17.48%|
Financial markets have been eerily calm recently. The daily moves have been among the lowest in decades. Other measures of risk (e.g, the Vix) are close to all-time lows. Chicken Little continues to believe that an historic storm approaches.
September 2016 portfolio positions
As of September 1, 2016 the Chicken Little Portfolio remains ready for a global, deflationary depression. Chicken Little is heavily invested in US Treasuries and cash. There was no substantial change in the Chicken Little Portfolio during August 2016.